Riverbed Tech's Profit Soars on Sale of SteelStore Products By Maria Armental Riverbed Technology Inc.'s fourth-quarter profit soared on the sale of its SteelStore product line to NetApp Inc. The sale of its cloud backup and recovery business added $38.9 million, after tax. It is the first quarter of results Riverbed reports since San Francisco private equity firm Thoma Bravo LLC... More...>>

01/05/2015

7:30PM

DJN

Cheaper Computing Power to Keep Changing the Game -- Corporate Outlook By Don Clark Amazon.com Inc., Facebook Inc. and Google Inc. save loads of money running their websites by spurning brand-name server computers in favor of inexpensive commodity-style systems. And the trend is reaching other parts of data-center operations, aided by new kinds of software. In addition to commodity servers... More...>>

11/09/2014

6:17AM

DJN

MARKET SNAPSHOT: Retail Earnings To Test Those Consumer Sentiment Highs By Wallace Witkowski, MarketWatch SAN FRANCISCO (MarketWatch) -- How recent consumer optimism contributed to the bottom line in the third quarter will start becoming more evident this week as major retailers begin posting financial results for the period. Stocks had another good week with the Dow Jones Industrial Average... More...>>

10/27/2014

4:57PM

DJN

NetApp Acquires SteelStore Line From Riverbed for $80 Million By Tess Stynes NetApp Inc. said it acquired the SteelStore product line from Riverbed Technology Inc. $80 million, adding a product that allow NetApp customers to extend backup and archive applications to the cloud. The deal will expand NetApp's portfolio and support its customers' hybrid cloud initiatives by integrating... More...>>

10/08/2014

10:58AM

DJN

Elliott Management Urges EMC to Spin Off VMware--Update By Tess Stynes Hedge-fund manager Elliott Management Corp. said it sent a letter to the board of EMC Corp. urging the data-storage company to spin off its VMware Inc. unit as well as pursue other merger-and-acquistion opportunities. An EMC spokesman said the company received the letter and had no official comment at this... More...>>

U.S. Hot Stocks: Hot Stocks To Watch Among the companies with shares expected to actively trade in Monday's session are MannKind Corp. (MNKD) and Philips NV (PHG). The Food and Drug Administration on Friday approved a powder form of insulin, made by MannKind and known as Afrezza, which is inhaled instead of injected, to help diabetics control their blood... More...>>

NetApp Hosts Financial Analyst Day on June 24, 2014NetApp Hosts Financial Analyst Day on June 24, 2014 SUNNYVALE, CA--(Marketwired - Jun 18, 2014) - NetApp (NASDAQ: NTAP) will host its 2014 Financial Analyst Day on June 24, 2014 from 8:30 a.m. to 12:00 p.m. Eastern Time. This event is designed for financial analysts and institutional investors. For other interested... More...>>

IBM to End Its Sales of NetApp Storage Technology -Bloomberg International Business Machines Corp. (IBM) will end sales of NetApp Inc.'s (NTAP) N series storage technology and instead will emphasize sales of IBM-made products, Bloomberg News reported Friday, citing an internal IBM memo. IBM intends to formally withdraw from selling new N series systems on May 27, Bloomberg reported... More...>>